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Feb 26, 2014
02/14
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this picture shows federal deficits, and the few years of surpluses, the deficit has come down very markedly over the past several years. from about $1.4 trillion or nearly 10% of gdp in 2009, to an estimated roughly $500 billion, or about 3% of gdp in 2014 under current law. we think deficit will fall again a bit next year but will then rise. you can see, though, the deficits over the next decade stay close to 3% of gdp. which is essentially their average share of gdp over the past 40 years. but that similarity to the past is worth noting, but also in some ways, masks two important aspects of the budget that will be very different than they've been in the past. so one of those aspects is the composition of federal spending. in this picture, these bars show social security spending as a share of gdp, 40 years ago, and our estimate for this year under current law, and then our projection for ten years from now. and you can see growth in social security exceeding growth in the economy. so a rising share of gdp being devoted to social security benefits. and that arises, of course, over the next
this picture shows federal deficits, and the few years of surpluses, the deficit has come down very markedly over the past several years. from about $1.4 trillion or nearly 10% of gdp in 2009, to an estimated roughly $500 billion, or about 3% of gdp in 2014 under current law. we think deficit will fall again a bit next year but will then rise. you can see, though, the deficits over the next decade stay close to 3% of gdp. which is essentially their average share of gdp over the past 40 years....
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Mar 5, 2014
03/14
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KCSM
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obama says the budget deficit will decline to five hundred sixty four billion dollars the lowest level in his presidency. we go to the side of the road you squeeze the middle class or for going to continue to reduce the deficit is responsible for all taking steps to grow and strengthen the middle class. republican house speaker john bain are strongly criticized the draft he said it was the most irresponsible. he said it would only increase spending and borrowing expanded governments and hurt the economy. a ban on exports of raw materials has pushed indonesia's trade balance into the red for the first time in three months indonesian officials say the trade deficit in january came to about four hundred thirty million dollars exports of about fourteen point four billion dollars compared with imports of fourteen point nine billion dollars. the country has long earn foreign currency by exploiting natural resources and mining law they came into effect in january slowed overseas shipments beloved and exports of nickel copper and other minerals that have not been processed. the idea is to enco
obama says the budget deficit will decline to five hundred sixty four billion dollars the lowest level in his presidency. we go to the side of the road you squeeze the middle class or for going to continue to reduce the deficit is responsible for all taking steps to grow and strengthen the middle class. republican house speaker john bain are strongly criticized the draft he said it was the most irresponsible. he said it would only increase spending and borrowing expanded governments and hurt...
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Mar 4, 2014
03/14
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BLOOMBERG
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a small current account surplus which is likely to go into deficit as well. russia is ofat to course oil prices. the government spends about 25% of gdp and to keep the budget in balance, capital economics needs 100 $10rice of about per barrel. they are able to get that just barely but as american fracking increases the amount of supply in the world, their chances of getting that are going down. a rush road ahead -- rough road at thisr the economy point. >> if it is such a rough road and all the weakness, why is he risking this? pretend to want to tell you what he is thinking, but maybe it is short-term here. compared to where the u.s. is. russia has a large amount of foreign exchange reserves. they can pay their bills for now even as the current account goes negative. resident who may be gambling if this lasts a short time, they could get in and get out without any further consequences, it is worth the risk. >> thank you. mike mckee. ofturn to another region uncertainty. president obama met with netanyahu at the white house yesterday. closelyries that work in
a small current account surplus which is likely to go into deficit as well. russia is ofat to course oil prices. the government spends about 25% of gdp and to keep the budget in balance, capital economics needs 100 $10rice of about per barrel. they are able to get that just barely but as american fracking increases the amount of supply in the world, their chances of getting that are going down. a rush road ahead -- rough road at thisr the economy point. >> if it is such a rough road and...
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Mar 3, 2014
03/14
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ALJAZAM
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al maria reduced the deficit, two other goals came from two of their stalwarts late in the second half. defender car carlos pulo, richad barth al jazeera. >> it was a thrilling final round at the honda classic in florida where the title was decided in a four man playoff. tiger woods began seven shows behind, but he was forced to withdraw with a back injury. double bogey, four-over 74, missed the eagle putt, for the final hole of the outright win. henley, only second pag victory. >> it was a rush to be out there, playing with rory. i've never played or bean part of the crowd so big. it was just an amazing feeling. i feel like i kind of got them going and it was so much fun. i hope i can have a bunch more sundays just hike that in my career. >> i didn't -- like that in my career. >> i didn't play well enough to deserve the tournament. just wasn't in control. my golf ball coming down the stretch. but you know still had a chance to win the tournament, didn't quite do it, and just had an awkward distance from my second in the playoff and a couple of awkward lies, couldn't make birdie but it
al maria reduced the deficit, two other goals came from two of their stalwarts late in the second half. defender car carlos pulo, richad barth al jazeera. >> it was a thrilling final round at the honda classic in florida where the title was decided in a four man playoff. tiger woods began seven shows behind, but he was forced to withdraw with a back injury. double bogey, four-over 74, missed the eagle putt, for the final hole of the outright win. henley, only second pag victory. >>...
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Mar 5, 2014
03/14
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CSPAN2
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it is deficit neutral. supporting what the president said in the state of the union, there is a series of programs to create jobs. it lays out $302 billion infrastructure proposal that is paid for with pro-growth tax. it strengthens the manufacture base and supports groundbreaking research to fight disease, protect the environment and develop new technology. it enhances the administration's management efforts to deliver a government that is more efficient and supportive of economic growth. and it will expand opportunity for all-americans. it doubles the maximum value of the earned income tax credit to encourage people to enter the workforce. and makes high quality preschool available to every four year old. and drive workforce training. it will focus on the primary drivers of long term debt and deficits. it builds on the forms of the affordable care act and continues to slow health care cost growth while improving the quality. it will curb tax breaks that benefit the wealthiest. it calls for pro-growth immi
it is deficit neutral. supporting what the president said in the state of the union, there is a series of programs to create jobs. it lays out $302 billion infrastructure proposal that is paid for with pro-growth tax. it strengthens the manufacture base and supports groundbreaking research to fight disease, protect the environment and develop new technology. it enhances the administration's management efforts to deliver a government that is more efficient and supportive of economic growth. and...
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Mar 2, 2014
03/14
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KTVU
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we're talking about the deficits at the end of the -- >> i am talking about the deficits. the deficits go up. >> we'll submit a budget in a couple days. >> what were you going to say senator portman? >> no, chris, look, we clearly have a growing debt problem. this is the most predictable crisis in the country. the president refuses to deal it with. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because there was a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion short fall every year at a time again when we were told by this nonpartisan congressional budgets office things are getting worse not better. if he takes that out as he's going to do based on the leaks because it's a partisan political year, he's not
we're talking about the deficits at the end of the -- >> i am talking about the deficits. the deficits go up. >> we'll submit a budget in a couple days. >> what were you going to say senator portman? >> no, chris, look, we clearly have a growing debt problem. this is the most predictable crisis in the country. the president refuses to deal it with. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other...
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Feb 27, 2014
02/14
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BLOOMBERG
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how do i differentiate as i look the key issue for me is who is dealing with a budget deficit or who is not raising interest rates. what is the critical issue for you? willdonesia for example mark itself out as different from the others. elsewhere,ine and don't be too concentrated in emerging markets. political risk is large and it is not very well-predicted by investors. do be well diversified. take some overweight and underweight positions. we tend to be overweight the small countries and underweight the largest ones. underweight the brics historically. that can be difficult when china is on a strong rally. good stead over the long term. >> what is going on in china? i come in everyday, we have the yuan on the move, we are trying to lure him the currency? there is something very interesting in the past couple of weeks in china. >> they have to squeeze the excess is out of the system and it is going to be painful. we talked about volatility earlier. we can expect that to spike up later in the year. there is going to be some headline news out of china as this credit excess is squeeze
how do i differentiate as i look the key issue for me is who is dealing with a budget deficit or who is not raising interest rates. what is the critical issue for you? willdonesia for example mark itself out as different from the others. elsewhere,ine and don't be too concentrated in emerging markets. political risk is large and it is not very well-predicted by investors. do be well diversified. take some overweight and underweight positions. we tend to be overweight the small countries and...
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Mar 2, 2014
03/14
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FOXNEWSW
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in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting worse, not better. so if he takes that out as apparently he'll do businessed on the leaks because it's partisan political year, he's not going to have any can he have deficit reduction. so if that is true, boy, again, this is not responsible.he have deficit reduction. so if that is true, boy, again, this is not responsible. this is not responsive to what is really happening. >> let me bring in congressman van hollen. what we're talking about by far the biggest part of the budget and that is entitlements. last year as part of the budget, the president include
in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting...
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Mar 5, 2014
03/14
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FOXNEWSW
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extra spending by definition adds to the deficit. by the way, to be fair here cbo is saying it will be a billion. but excuse me, 18. >> 8 billion. >> and well, the point is, they are claiming to get the money back eventually once obama care begins to pay off. the money that we spend on tarp spending, most of that money was paid back and there are precedents for companies that receive bail outs and paying back that money. it is anybody's guess. and judging on the basis of how obama care has gone so far, i don't think there is a good odd chance that the money will be paid back. president obama's budget that was released yesterday proposes to give hhs, health and human services now a trillions more. >> it is unbelievable. a trillion dollars would have been the entire budget and throw in the defense and everything. trillion shoes the commitment of the administration to all of the programs for the poor. we haven't seen an administration fund this much and spend this much money in the transfer payments is what we call the money with food s
extra spending by definition adds to the deficit. by the way, to be fair here cbo is saying it will be a billion. but excuse me, 18. >> 8 billion. >> and well, the point is, they are claiming to get the money back eventually once obama care begins to pay off. the money that we spend on tarp spending, most of that money was paid back and there are precedents for companies that receive bail outs and paying back that money. it is anybody's guess. and judging on the basis of how obama...
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Mar 5, 2014
03/14
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BLOOMBERG
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or manufactured goods, that demand is not growing as fast as it was when trade deficits were expanding. the markets are going to find the environment stuff. what is the concern china or deflation? >> i don't think there will be deflation and i think we will see a long time of low growth. i don't think inflation will be a problem. of alarm also it's bells and i like to put the word demand in front of deflation. and thatalling wages means following command and a negative spiral. it is not just falling prices. is lots of sectors. you see groups and things like that. falling realu have wages that that is the problem. the cycle that japan went through and if you do not touch it at the right time, it is difficult to turn around. are we in a scenario like that? deflation and the specter of it hanging over us unless handled correctly. >> one of the characteristics of japan that contributed to the slow growth was a rapidly-aging population and people having a lower propensity to consume. that changed the balance of growth in the economy. there are european economies that have rapidly aging popu
or manufactured goods, that demand is not growing as fast as it was when trade deficits were expanding. the markets are going to find the environment stuff. what is the concern china or deflation? >> i don't think there will be deflation and i think we will see a long time of low growth. i don't think inflation will be a problem. of alarm also it's bells and i like to put the word demand in front of deflation. and thatalling wages means following command and a negative spiral. it is not...
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Mar 6, 2014
03/14
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KCSM
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the former chelsea striker who likes to reduce the deficit to four wickets for seventy in midfield of the struggles of the home side and that fellow twelve minus ten minutes into stoppage time to control the silks that the dead and lives in their last matches the dramatic world cup playoff win against ukraine in november with am posting the last of the side of the stock if rolls. in four wheel drive front boundary bend several clubs have a fiscal fully authentic admitted that the dap should spend days but sweetie went from provider to goalscorer himself almonds before the break when he called the dutch defence nothing to fully have installed and complete a two goal victory marriott go to school against the run of plates and gemini a fortunate one nil win over chile in the friendly in stuttgart although the headlights and have probably containing the south americans will play host to both poles. it's a sixteenth minute goal proved enough for victory. despite the wind job because your kid will quilt the demonic dramatic improvements before heading to brazil in search of a full welsh cup
the former chelsea striker who likes to reduce the deficit to four wickets for seventy in midfield of the struggles of the home side and that fellow twelve minus ten minutes into stoppage time to control the silks that the dead and lives in their last matches the dramatic world cup playoff win against ukraine in november with am posting the last of the side of the stock if rolls. in four wheel drive front boundary bend several clubs have a fiscal fully authentic admitted that the dap should...
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Mar 5, 2014
03/14
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CSPAN2
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what is the deficit number in this proposal and define the two. >> guest: deficits are how much the government spends minus how much they raise in revenue. and they are measured in percentage of economy activity. it is around 4% and coming down fast. i think it is estimated to end around 3% and in the 2's next year so that is a big decline from 2010 where it was 10%. so that is progress. as long as the economy is growing faster than 2%, it will be a decline. every year you spend more than you have, and borrow money and that adds to the debts. so they would come down to a 1.6% gdp. the president will raise taxes on a trillion dollars mainly on wealthy people but some middle class as well. it would probably work. but it is a huge controversy from the taxes. ... thank you for taking my call. independent because most of us americans have caught onto the big blame game. , andeach blame each other basically they are on the same team. they have different ways to go about it. my main problem is the epa. we are giving him close to $8 million, and it'll do nothing for us. they let the fracking industry
what is the deficit number in this proposal and define the two. >> guest: deficits are how much the government spends minus how much they raise in revenue. and they are measured in percentage of economy activity. it is around 4% and coming down fast. i think it is estimated to end around 3% and in the 2's next year so that is a big decline from 2010 where it was 10%. so that is progress. as long as the economy is growing faster than 2%, it will be a decline. every year you spend more than...
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Feb 28, 2014
02/14
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BLOOMBERG
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in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the most courageous talkers in the m
in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you...
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Mar 4, 2014
03/14
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CSPAN
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at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class, or continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it is here and in the years to come as president. thank you very much, everybody. michael? >> do you have any response to president putin's press conference? is chancellor merkel right that he has lost touch with reality? >> i have not spoken to him since i spoke to him this past weekend. but obviously, me and my national security team have been watching events unfolding in ukraine very closely. i met with them again today. as many of you know, john kerry is in key avenue as we speak, at my direction. as we speak, at my direction, with full support for the ukrainian people. we have been working with our partners and the imf to build support for a package that helps to stabilize ukraine'
at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class, or continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it is here and in the years to come as president. thank you very much, everybody. michael?...
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Mar 5, 2014
03/14
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CSPAN2
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in fiscal year 2009, we achieved a high deficit watermark of $1.4 trillion. that number fell to a still high $680 billion in fiscal year 2013. of the $736 billion of deficit reduction over that five-year span, $670 billion came from increased revenue or taxes and only $66 billion came from reduced outlays. so in terms of budget realizations, rather than promises for the future, less than 9% of the deficit reduction between 2009 and 2013 came from reductions in spending. the vast majority came from increased revenue. yet the mantra from the administration continues: more revenue and higher taxes along with ever-more spending. one can only wonder where job creation falls into the mix, if it does at all. since president obama came into office, we've heard a lot of talk about his laser-like focus on job creation. however, the record of this administration suggests that this focus is more on growing government than on growing our economy. we've seen the failed stimulus, obamacare, and initiatives like dodd-frank, all of which have expanded the size and scope of th
in fiscal year 2009, we achieved a high deficit watermark of $1.4 trillion. that number fell to a still high $680 billion in fiscal year 2013. of the $736 billion of deficit reduction over that five-year span, $670 billion came from increased revenue or taxes and only $66 billion came from reduced outlays. so in terms of budget realizations, rather than promises for the future, less than 9% of the deficit reduction between 2009 and 2013 came from reductions in spending. the vast majority came...
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Mar 4, 2014
03/14
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CSPAN
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very small needles to thread for the trusted deficits. president obama has demonstrated and wants to be a partner for peace. he is committed to trying to end the conflict and all of his claims. how he can do that? let's be candid. some of you doubt it. as it israelis security officials will a test, -- attest, abbas has been against the violence. i have also spent many hours with president abbas. i believe he clearly understands both the tremendous benefit of peace and the great costs of failure. he understands that in terms of his own people, his own grandchildren, the country he hopes to be able to lead, and in terms of the history that be leakers -- beleaguers all. he know the people what never have the self-determination without ending the conflict in a solution that delivers two states for two peoples. and so this prime minister netanyahu when he looks me in the eye and said i cannot accept a deal with the palestinians that does not make the people of israel safer. we agree 100%. [applause] but i argue, there is a distinction between
very small needles to thread for the trusted deficits. president obama has demonstrated and wants to be a partner for peace. he is committed to trying to end the conflict and all of his claims. how he can do that? let's be candid. some of you doubt it. as it israelis security officials will a test, -- attest, abbas has been against the violence. i have also spent many hours with president abbas. i believe he clearly understands both the tremendous benefit of peace and the great costs of...
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Mar 4, 2014
03/14
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FOXNEWSW
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president obama blew through those deficits. he had in excess of trillion dollar deficits year after year. what the republicans were able to do in the house is not continue that level of trajectory. has spending gone up? it absolutely has. but the level has slowed down and -- >> i get the feeling, congresswoman, maybe not you in particular, a lot of your party are giving up the fight and keeping the powder dry and hoping at the end of the year pick up more seats in the house and maybe take the senate and you bet you that will be the time when republicans get serious. but is that a lot to hang your hat on? >> well, what we need to hang our hat on is boosting the labor force participation rate. we're at the lowest level ever for anyone over age 16 actually having a job in the labor force and in a full-time capacity. that has to change. and unfortunately the president's budget is not a serious budget. it never balances. it doesn't send a signal to the marketplace, neil, that any time soon we're going to change -- see a change in wa
president obama blew through those deficits. he had in excess of trillion dollar deficits year after year. what the republicans were able to do in the house is not continue that level of trajectory. has spending gone up? it absolutely has. but the level has slowed down and -- >> i get the feeling, congresswoman, maybe not you in particular, a lot of your party are giving up the fight and keeping the powder dry and hoping at the end of the year pick up more seats in the house and maybe...
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to dial back its free spending ways and for a lot of reasons you know most of the federal government deficit at this point is mandatory which means it's fixed barring some big change in laws i don't think that's going to happen so i do think the federal government is going to want to keep spending the question is can the u.s. government continue to spend at five hundred six seven hundred billion maybe even a trillion dollars above what it's taking in and have the fed perpetually monetized that the answer's no sooner or later that comes to an end and when that interest rates will go up irrespective of what real demand is you know for consumer goods and all of that there's a whole monetary experiment running here which your listeners would be well advised to understand we've never been here before the fed is conducting not just the biggest monetary experiment but the biggest social experiment ever conducted so a little caution is warranted chris thank you so much for your time manner inside and breaking down this rather one topic for us thank you you thank. that was trips martinson trend forec
to dial back its free spending ways and for a lot of reasons you know most of the federal government deficit at this point is mandatory which means it's fixed barring some big change in laws i don't think that's going to happen so i do think the federal government is going to want to keep spending the question is can the u.s. government continue to spend at five hundred six seven hundred billion maybe even a trillion dollars above what it's taking in and have the fed perpetually monetized that...
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Feb 26, 2014
02/14
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KCSM
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military training sites which are often protected and many nato member states are serving as identify a deficit the military training areas throughout europe and north america are among the richest and most important sites will find that their city. often because they are that it's not open to the general . but also because if i am mental awareness and why stick to good use of natural resources is encouraged among soldiers military training areas are increasingly recognized as sites of high biodiversity and large numbers of threatened and endangered species. exports from india its beans and nine. listen to it in fooling you into watching it in two thousand that the ufc is the main import of indian spices contributed sixteen points and up until the next week i fly to a site i know that nine percent annually and maybe share each week six but since it's sunday a baby on the menu she jumped on singapore and the uk. i don't need to destinations for beginning sports it is that the european union to open them on this commendable that the ongoing sovereign debt crisis and four great books despite these
military training sites which are often protected and many nato member states are serving as identify a deficit the military training areas throughout europe and north america are among the richest and most important sites will find that their city. often because they are that it's not open to the general . but also because if i am mental awareness and why stick to good use of natural resources is encouraged among soldiers military training areas are increasingly recognized as sites of high...
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Mar 3, 2014
03/14
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MSNBCW
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they say, gee, we have a terrible deficit. we're going to have to cut social security, medicare, medicaid, education, environmental protection. the needs of the kids' nutrition programs because of this deficit. so if you are asking me, do i this i that same set of policies will play out? more money for defense, then rising deficits and then cutbacks on programs that middle class and working families need? absolutely, that is what will happen. >> what is going to happen to these veterans, now, senator, if they're not going to get this kind of funding. there are a lot of veterans in this country that are being undercut, that are not being -- our obligation, we are not living up to our obligations because of war and budget cuts. so what does that say to the next generation thinking of a career in the military? >> that's a very important point. it says if we cannot keep faith with those people really hurting as a result of service to this country, i think you will have a lot of young people out there saying do i really want to mak
they say, gee, we have a terrible deficit. we're going to have to cut social security, medicare, medicaid, education, environmental protection. the needs of the kids' nutrition programs because of this deficit. so if you are asking me, do i this i that same set of policies will play out? more money for defense, then rising deficits and then cutbacks on programs that middle class and working families need? absolutely, that is what will happen. >> what is going to happen to these veterans,...
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Mar 4, 2014
03/14
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BLOOMBERG
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at a time when i deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to republicans and said he was willing to make changes to social security, medicare and other entitlement programs. those are all gone this year. for republicans to look at these budgets in the lines of what the established last year in terms of topline numbers under the agreement, this budget is something that will not move in the house of republicans. are viewed asts more of political documents as opposed to policy proposals. >> that really is right. especially this year. yep midterms coming up in november. the white house wanted to lay out policy prioritie
at a time when i deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to...
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Feb 26, 2014
02/14
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sides for restoring the benefits, could parents over how to pay for the benefit and their impact on the deficit. work continues when the senate gavels back and live coverage here on c-span2. >> yesterday, senate judiciary subcommittee held a hearing on solitary confinement. minnesota senator al franken has her prisons director, trust e-mail to the question on the sides of confinement. here is more. >> how big is a style? how big is the efforts out in solitary? >> the average size? >> yes, the size of the trends do. how big is that quite this is a human being we are talking about. how big is the cell? >> the average size of a cell -- i guess you are looking for the space? >> yes, the dimensions in feet and inches. the size of a cell that a person is kept in. i want to get some idea. am i asking this wrong? [laughter] i mean -- is what you are saying is there is no such thing as an average cell for solitary? typically, in the bureau of prisons, if someone is in solitary confinement, how big is the cell typically? >> the average size should be equivalent to six by four. >> okay, that is enhanced t
sides for restoring the benefits, could parents over how to pay for the benefit and their impact on the deficit. work continues when the senate gavels back and live coverage here on c-span2. >> yesterday, senate judiciary subcommittee held a hearing on solitary confinement. minnesota senator al franken has her prisons director, trust e-mail to the question on the sides of confinement. here is more. >> how big is a style? how big is the efforts out in solitary? >> the average...
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forex is a negative so we expect the lira, the current deficit is an issue in turkey and we expect the currency to remain weak so we have to consider that when making investment proposals, we have to assume a little bit of, not a currency strengthening anyway, probably weakening if anything and brazil is a problem for currency from that point of view and equally as a sterling uk investor we find the dollar quite cheap so we find u.s. assets quite interesting at the moment. what goes around comes around i guess. >> reporter: thank you very much for joining us. julia, that is from here. we'll be back in an hour with another interview. for now pack over to you. >> thank you, great to chat to you. >>> the bitcoin exchange mt. gox received a subpoena from prosecutors in new york, asked the company to preserve certain documents. ceo mark capellas issued a statement saying the business is at a turning point. japanese authorities are looking into the matter but don't have jurisdiction after the mt. gox website went down. >>> still to come, the british economy returns to focus as investors awai
forex is a negative so we expect the lira, the current deficit is an issue in turkey and we expect the currency to remain weak so we have to consider that when making investment proposals, we have to assume a little bit of, not a currency strengthening anyway, probably weakening if anything and brazil is a problem for currency from that point of view and equally as a sterling uk investor we find the dollar quite cheap so we find u.s. assets quite interesting at the moment. what goes around...
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made sense to have it happen during -- when things were terrible five years ago, but we can have a deficit, which creates more debt but not at a rate that grows faster than gdp grows. the trend is wrong. there is a danger if that goes on, although a lot of countries have gone far beyond. i don't like to see it go up as a percentage. this country is in wounderful shape. >> finally, looking at the stock market today, there are people nervous about what happens with the situation in ukraine. you would tell them? >> i would tell them it doesn't change anything. if you have a wonderful business of your own in illinois, why would you sell it today because of what is happening in the ukraine? if you have a farm producing, an apartment house that's fully occupied, why would you sell it today because of the ukraine? that's the same if you have a piece of a wonderful business or pieces of many wonderful businesses. people react to short-term things and react quite ra rationally. >> he checked out the price of a stock he had been buying in london last friday, if prices drop like we've been seeing, he
made sense to have it happen during -- when things were terrible five years ago, but we can have a deficit, which creates more debt but not at a rate that grows faster than gdp grows. the trend is wrong. there is a danger if that goes on, although a lot of countries have gone far beyond. i don't like to see it go up as a percentage. this country is in wounderful shape. >> finally, looking at the stock market today, there are people nervous about what happens with the situation in ukraine....
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interesting to look at and something i picked up that i thought was interesting, look at the deficit and the gdp ratio in the years ahead. that taking into account the entire budget will be put into play. this is not the case and people on both sides say that this is the case. you see the numbers going down 2.3%, the budget to gdp ratio is at precrisis levels. to gdp -- and this goes down $13 billion. nobody expects this budget to be put into place but projections are moving down on the deficit, which is why you see a president who is willing to go out there and talk about new spending ther years when the -- all talk in washington is about cuts. >> thank you, phil mattingly and peter cook, with the latest about the president and the secretary of state. >> we want to make sure we get a final few thoughts with oliver leavitt, who has a big week coming up. day.onal detox t >> national unplug day. i have been working with arianne huffington and i learned something interesting about our constant connections. morning,wake up in the and you start looking at your e-mail and your constantly c
interesting to look at and something i picked up that i thought was interesting, look at the deficit and the gdp ratio in the years ahead. that taking into account the entire budget will be put into play. this is not the case and people on both sides say that this is the case. you see the numbers going down 2.3%, the budget to gdp ratio is at precrisis levels. to gdp -- and this goes down $13 billion. nobody expects this budget to be put into place but projections are moving down on the...
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and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking with russia? ofis there a lack communication there? >> certainly, they are members and are represented at the executive board my and executive director. i am sure that there is communication. but the important point here is the technical analysis of what is needed to put ukrainian economic policy in a sustainable and positive mode. then to arrange the financing necessary to make the implementation practical. you so much.k greatly appreciate that from our washington news bureau this morning. really talking about the clamps that have to be placed down in the process. >> w
and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking...
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he will take on other issues and we've got the health care fight, the deficit battle. he had a very difficult re-election. just a month before, he gave an interview with black enterprise magazine he said, i'm not the president of black america. he didn't want that idea that he was favoring one particular group. i did an interview before that election. and i found out that when he came down with his senior aids just week bfers he got re-elected, he had a yellow note pad. even if this wasn't an issue, he put criminal justice reform on there and he started pushing -- gwen: we've got to go. michael's more in story in "time magazine." >> we have to leave to give you a chance to support your local pbs station. but our conversation will continue online on the "washington week" web cast extra. it streams live at 8:30 and all ek long at pbs.org/washingtonweek. and that's where you'll find my take and why 1997 was such a big year for "washington week." we're accepting birthday wishes. we'll see you next week. good night. >> corporate funding for "washington week" is provided by
he will take on other issues and we've got the health care fight, the deficit battle. he had a very difficult re-election. just a month before, he gave an interview with black enterprise magazine he said, i'm not the president of black america. he didn't want that idea that he was favoring one particular group. i did an interview before that election. and i found out that when he came down with his senior aids just week bfers he got re-elected, he had a yellow note pad. even if this wasn't an...
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the white house budget office projects-- the proposals reduce the federal deficit to $564 billion by 20-15--- taking the defict down by about half of what the obama administration inherited. house speaker john boehner criticized the spending increases, and called it the president's "most irresponsible budget yet." radio shack is on shaky ground with investors...the stock fell 17% yesterday after turning in a larger than expected loss for the 4th quarter. the electronics retailer also plans to close up to 1,100 stores. radio shack's ceo admits the company is partly to blame for the dismal holiday earnings. however, he remains confident in the turnaround plan. a week after online exchange mt. gox lost close to a half- billion dollars' worth of bitcoins to hackers, another exchange says the same thing has happened to them flexcoin has shut down, saying that hackers stole all of its bitcoins -- 600-thousand-dollars' worth. these troubles have not negatively affected the value of bitcoins ---just one is still worth about 700-dollars. that price has rallied since the mt gox hack. a judge i
the white house budget office projects-- the proposals reduce the federal deficit to $564 billion by 20-15--- taking the defict down by about half of what the obama administration inherited. house speaker john boehner criticized the spending increases, and called it the president's "most irresponsible budget yet." radio shack is on shaky ground with investors...the stock fell 17% yesterday after turning in a larger than expected loss for the 4th quarter. the electronics retailer also...
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persistently high current account surplus of two mb which not to create a risk to the cinema to notch deficits bought but didn't the government then should aim at posting going on to domestic amman to generate investment and strength and growth potential. sending missiles sams great technical but in fact is extremely controversial isn't it that tell us about jenny's reaction to david. it's quite interesting right. what the news of today is is not an official response of the german government consists of in official. it's an internal paper of the german ministry of economics where for the first time ever. the government to pull these officials of the ministry s speaking of cancer risks and detrimental effects of large imbalances to all for export import in between the eurozone which could mean that soon. the new government in berlin that might introduce about of the business to policies of posting them on and creating a new binder full of costs rising stock prices. well today though the stock prices are rising the boxes down about a quart of ups and the use of safety and extreme much unchanged.
persistently high current account surplus of two mb which not to create a risk to the cinema to notch deficits bought but didn't the government then should aim at posting going on to domestic amman to generate investment and strength and growth potential. sending missiles sams great technical but in fact is extremely controversial isn't it that tell us about jenny's reaction to david. it's quite interesting right. what the news of today is is not an official response of the german government...
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generations without leaving them a mountain of debt. >> woodruff: the 2015 deficit would decline, to $560 billion, but republicans today said the red ink, spending hikes and tax increases mean the plan is dead on arrival. senate minority leader mitch mcconnell. >> rather than put together a constructive blueprint the two parties could use as a jumping off point, to get our economy moving and our fiscal house in order, the president has once again opted for the political stunt for a budget that's more about firing up the base in an election year than about solving the nation's biggest and most persistent long-term challenges >> woodruff: congressman paul ryan, the house budget chair, likewise called the obama plan a disappointment. in a statement, he said: >> woodruff: ryan offered an extensive critique yesterday of federal anti-poverty efforts. he's expected to release a republican budget proposal in the coming weeks. >> woodruff: some of the more notable pieces of the president's proposal, and expected to show up in the republican alternative, are the different approaches to poverty
generations without leaving them a mountain of debt. >> woodruff: the 2015 deficit would decline, to $560 billion, but republicans today said the red ink, spending hikes and tax increases mean the plan is dead on arrival. senate minority leader mitch mcconnell. >> rather than put together a constructive blueprint the two parties could use as a jumping off point, to get our economy moving and our fiscal house in order, the president has once again opted for the political stunt for a...
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it's not getting its deficit under control. in front so that economic growth is always holding the covering supported by a brother to me to pick up truck in private consumption. europe's powerhouse germany could be in trouble selling a completely different way gemini is in showing steady growth thanks to blame domestic demand. but it's been criticized by other nations for escorting far more points than it imports that could be against eu worlds. grants commission is due to produce a report on the matter next week alternative markets now where we got a lot of mixed signals and trading in germany as a reporter at the frankfurt stock exchange the lead ups. these are good times for german companies for the big ones in the backs of all the more. basf has in the us prison as medical care the charter company a subsidiary of freezing spl presented solid results basf with a two thousand thirteen as good as never before. but it was not enough for investors. all three shares went down. indeed it is an answer and cousin yes medical care tu
it's not getting its deficit under control. in front so that economic growth is always holding the covering supported by a brother to me to pick up truck in private consumption. europe's powerhouse germany could be in trouble selling a completely different way gemini is in showing steady growth thanks to blame domestic demand. but it's been criticized by other nations for escorting far more points than it imports that could be against eu worlds. grants commission is due to produce a report on...
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-- like the economy and jobs and deficits. jenna: it's fair to to say that you and dr. emanuel don't get coffee together. >> no. after seeing him on megyn kelly, i'm not sure anybody gets coffee with that guy. he is one tough hombre. jenna: he certainly is, and he always gives us something to talk about that. karl, it's nice to have you on the program, we covered a lot of ground there, appreciate it as always. >> thank you, jenna. jon: right now the house expected to approve within the next few hours the first aid measure for ukraine's fragile new government pledging about $1 billion in loan guarantees. meantime, the house armed services committee is meeting now to discuss defense budget cuts this as the pentagon is boosting our military presence in eastern europe, sending fighter jets to our nato allies there. national security correspondent jennifer griffin is live from the pentagon. so, jennifer, is there concern about how russia views all of this discussion about budget cuts right now? >> absolutely. in fact -- but, jon, i
-- like the economy and jobs and deficits. jenna: it's fair to to say that you and dr. emanuel don't get coffee together. >> no. after seeing him on megyn kelly, i'm not sure anybody gets coffee with that guy. he is one tough hombre. jenna: he certainly is, and he always gives us something to talk about that. karl, it's nice to have you on the program, we covered a lot of ground there, appreciate it as always. >> thank you, jenna. jon: right now the house expected to approve within...
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deficit,ore debt, more and more taxes. it is problematic. it did not solve anything. host: on the areas where you say there is common ground, do you think it get done before the 2014 election? guest: we already have a budget agreement that is the reality. host: the current income tax credit, the transportation. guest: we have a two-year highway bill in place right now. in the political dysfunction congress, the house transportation committee was able to pass a two-year highway bill. extension forfaa our airports. will continue. the good thing about transportation infrastructure, it is generally bipartisan. every congressman and senator has roads, bridges, harbors in their states. i believe we are going to continue to work on those things. host: the house armed services committee hearing from general dempsey today about the military's budget. what do you make of what the president post -- of what the president proposed? guest: i am nervous. it is a flat line. there is modest reduction and it does not grow. the budget wasat really designed around what the are.nal securi
deficit,ore debt, more and more taxes. it is problematic. it did not solve anything. host: on the areas where you say there is common ground, do you think it get done before the 2014 election? guest: we already have a budget agreement that is the reality. host: the current income tax credit, the transportation. guest: we have a two-year highway bill in place right now. in the political dysfunction congress, the house transportation committee was able to pass a two-year highway bill. extension...
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the deficit because it's not about the deficit it was never about the deficit it's ideological it's about undoing the new deal exactly and do doing any progressive big. till they achieve those ends you'll keep hearing the deficit hawks come up and use that as an excuse for that and yeah hopefully hopefully people will realize now that the deficit stuff is just a nonsense to be good enough to beat them at all right more of tonight's big picture politics panel right after the break. got a code for years that's pretty tough. stay with substory. but if this guy like you would smear that guy stead of working for the people most issues the mainstream media are working for each other bribe writers vision to find . a good writer. if it was a. very hard to take. once again to come on here there's a play by patton that had sex with her thick hair cut this. if it was safe. safe. if . welcome back with me for tonight's big picture politics panel our sam sax and ben cohen guys let's get back to it all right tomorrow is primary day in texas and for the first time in a while democrats actually hav
the deficit because it's not about the deficit it was never about the deficit it's ideological it's about undoing the new deal exactly and do doing any progressive big. till they achieve those ends you'll keep hearing the deficit hawks come up and use that as an excuse for that and yeah hopefully hopefully people will realize now that the deficit stuff is just a nonsense to be good enough to beat them at all right more of tonight's big picture politics panel right after the break. got a code...
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champions league garden after that, desperate not to make too big an advantage -- two big deficit after the advantage. ." you are watching "france 24 our top stories of course the growing crisis in ukraine, the subject of today's inside look. joining us is the director of the polish institute of international affairs, joining us via skype. thank you for joining us, sir. all of this diplomatic wrangling comes a day after u.s. president barack obama warned moscow it was "not fooling anybody" over its involvement in crimea. there have been tough words exchanged between russia and the u.s. will the diplomats be able to overcome that animosity and come to some sort of solution? >> i think it will be extremely difficult because it is a situation where russia has invaded the territory of another country in breach of united nations charter, in breach of the rules of the organization for security and cooperation in europe and in violation of treaties between ukraine and russia. this is a situation that cannot be tolerated by the international community without raising these objections. at the sa
champions league garden after that, desperate not to make too big an advantage -- two big deficit after the advantage. ." you are watching "france 24 our top stories of course the growing crisis in ukraine, the subject of today's inside look. joining us is the director of the polish institute of international affairs, joining us via skype. thank you for joining us, sir. all of this diplomatic wrangling comes a day after u.s. president barack obama warned moscow it was "not...
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at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much, everybody. michael? >> do you have any response to president putin's press conference this morning? is chancellor merkel right that he has lost touch with reality? have you spoken to him personally? >> i have not spoken to him since i spoke to him this past weekend. but obviously, me and my national security team have been watching events unfolding in ukraine very closely. i met with them again today. as many of you know, john kerry is in kiev as we speak, at my direction. he's expressing our full support for the ukrainian people. over the past several weeks, we've been working with our partners an
at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much,...
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proposal calls for raising minimum wages and more spending on infrastructure will also reducing the budget deficit by over six hundred fifty billion over the next decade obama said it was all about strengthening the middle class for job creation and economic growth. obama however is expected to face strong resistance from getting the budget passed by the republican controlled house of representatives. and heading over to southeast asia and intense we've been trying he has been battering many countries in the region for the past few weeks singapore's national environment agency announced wednesday that the country is suffering one of its worst run seasons in history. with every being its driest months since eighteen sixty nine experts say the dry spell friends of race for other food prices and have a negative effect on emerging economies in the region relief may be on the way and seeing sure monsoon season is set to begin at the middle of this month and run through early may. dazzled inter national stories making headlines around the world i'll see you back here tomorrow night. the weather took a s
proposal calls for raising minimum wages and more spending on infrastructure will also reducing the budget deficit by over six hundred fifty billion over the next decade obama said it was all about strengthening the middle class for job creation and economic growth. obama however is expected to face strong resistance from getting the budget passed by the republican controlled house of representatives. and heading over to southeast asia and intense we've been trying he has been battering many...
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the stronger economy helps fuel the tax burden, helps fuel some of the deficit. if there are things we can do in the administration, the old politics over policy, i think certainly in energy, certainly in several other key areas if we had a better view on policy versus politics, i think we'd see some more robustness. you look at the jobs that are created out of energy and the fracking business, you know, the average employee in theç marcellus, $95,000 a year. 1.3 million jobs, $63 billion in additional tacks. energy independence is at the heart of getting this gdp up and running. >> growth cures all evil. it's great to see you. >> thank you for the opportunity. >> really appreciate it. >>> we have some breaking news now. bertha coombs, what can you tell us? >> the white house says it's going to allow -- to extend the current customers in the transitional plan yaal plans fo two years. 1.5 million individuals and small businesses. they will be renewable through 2016. also boosting 2015 deductibles and out of pocket costs by 4% and they're extending the open enrol
the stronger economy helps fuel the tax burden, helps fuel some of the deficit. if there are things we can do in the administration, the old politics over policy, i think certainly in energy, certainly in several other key areas if we had a better view on policy versus politics, i think we'd see some more robustness. you look at the jobs that are created out of energy and the fracking business, you know, the average employee in theç marcellus, $95,000 a year. 1.3 million jobs, $63 billion in...
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more debt, higher deficits, rob our children blind and you're all in support of it? >> it's not that i'm in support of it let's talk about what it really is. the numbers already been decided. that was the whole partisan thing that happened a few months ago, what we're going to quick et over is how that money's going to be divided. >> we're going to gut defense. >> you may have heard that it's an election year. is it at all possible that this is an election budget that every one of us knows is never going through? >> we're going to rob our children? >> no, we're not. >> it's not going to happen. >> you know it's not going to happen. >> it's an election year. fudge it. >> i concede the point counselor. >> good night, folks. >> i concede that point, it's not going to happen, the fact that he wants it. didn't we learn? sl. >> he doesn't want it, congress wants it. >> everyone in congress has to run in november, it's a democratic budget p. >> why do they waste our time in. >> that's how politics works. you don't think the republicans do it when they're in the white house?
more debt, higher deficits, rob our children blind and you're all in support of it? >> it's not that i'm in support of it let's talk about what it really is. the numbers already been decided. that was the whole partisan thing that happened a few months ago, what we're going to quick et over is how that money's going to be divided. >> we're going to gut defense. >> you may have heard that it's an election year. is it at all possible that this is an election budget that every...
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>>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked and government bailouts became the norm. here is why it is happening. the economy is getting better over the last few years. the deficit has been shrinking. also, we are paying higher taxes. all that means more revenue for the government. the government has cut back on spending. the republicans, they still insist that the budget deficit is still too large. if they are looking for a fight, they may not get it. congress agreed to a bipartisan budget deal. mid-term elections are coming in the fall. a strengthening economy is removing much of the budgetary brinkmanship we have been sufferi
>>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked...
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that might prevent your central bank from easing policy, whether you're you've got a current account deficit, whether you are on the production side of commodities or the consumption side of commodities. clearly there are some particularly hard-hit emerging markets leaving the ukraine aside for a moment. you've got the now so-called fragile five, brazil, india, indonesia, south africa and turkey. and those are some of the most beleaguered areas. but there are also going to be some winners. we have a fairly optimistic view on china which is by far the biggest within the emerging markets sphere. >> wish we had more time to explore that with you. liz ann, always a pleasure talking to you. thanks so much. >> thanks for having me. >> liz ann saunders, chief investment strategist at charles schwab. >>> if you're wondering which well-known u.s. companies have some of the biggest exposure, among them are general motors. it makes about 100,000 cars a year at a plant near st. petersburg and it's hoping to expand operations next year. ford operates three plants with a russian automaker. exxon mobile fo
that might prevent your central bank from easing policy, whether you're you've got a current account deficit, whether you are on the production side of commodities or the consumption side of commodities. clearly there are some particularly hard-hit emerging markets leaving the ukraine aside for a moment. you've got the now so-called fragile five, brazil, india, indonesia, south africa and turkey. and those are some of the most beleaguered areas. but there are also going to be some winners. we...
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scarlet johansen also suffered from gpd, geographical pointing deficit, as she pointed to the west coast predicting snow. and snooki had to address her own areas of low cut pressure. the pressure was anything but low on the anchor who had to toss to prince charles, calling him your highness. >> well, it's an unsettled picture. >> the prince found the script to be a royal pain. >> who the hell wrote this script? >> reporter: but who needs to dabble in doppler when you can dance across the weather map, which is what tom hanks did on unavision, since he couldn't speak spanish. might as well go up and down like barometric pressure, it felt like a rehearsal for dancing with the stars meteorological edition. when the late, great comedian paul lindh did the weather for an ohio station -- he played it dumb. >> 41% chance of twisters. >> reporter: and when confronted by radar -- >> looks like i'm going to be a fortune teller. >> reporter: that was in the late '70s. now in 2014 -- >> and if you didn't understand all this, i'm sure you have an app on your phone. >> reporter: not bad, katy, you made
scarlet johansen also suffered from gpd, geographical pointing deficit, as she pointed to the west coast predicting snow. and snooki had to address her own areas of low cut pressure. the pressure was anything but low on the anchor who had to toss to prince charles, calling him your highness. >> well, it's an unsettled picture. >> the prince found the script to be a royal pain. >> who the hell wrote this script? >> reporter: but who needs to dabble in doppler when you can...